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How would a monopsonist in an imperfectly competitive labor market determine wages and employment? Nhm la chn cu tr li By hiring workers until profit
How would a monopsonist in an imperfectly competitive labor market determine wages and employment? Nhm la chn cu tr li By hiring workers until profit starts to fall, and then firing the last two workers that were hired. By comparing its demand curve to the demand curves of its competitors, selecting the same number of workers and a comparable wage rate. By hiring workers until demand for labor equals marginal cost for additional labor and paying the wage indicated by the supply curve of labor. By following the labor union policies on hiring and wage rates
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